[lbo-talk] jobs

Doug Henwood dhenwood at panix.com
Tue Jun 8 09:43:48 PDT 2004


martin wrote:


>The evidence is experiential - the cost of 1/2" CDX at Home Depot,
>the apparent increase in the shipping of basic components of
>reconstruction. None of this would be considered 'evidence' in the
>sense that you would find useful, although it forms a conceptual
>picture of economic activity for me and when it coincides with your
>statistical 'evidence' I'll feel more confident wrt it's accuracy.
>
>I used 'reconstruction economy' to contrast to R.'s use of 'war
>economy' (the production of bullets, weapons, etc. that would
>disappear following the end of a state of war.)

Congress has appopriated $19b for reconstruction, though something like only $3b has been spent. In an $11 trillion economy, that's not even a pinprick.



More information about the lbo-talk mailing list